Google Inc.'s ravenous appetite for office space continued to fuel the region's commercial real estate sales in the second quarter, contributing to a total of $940.3 million of office properties changing hands. That's up 14 percent from a year ago, according to the latest numbers from New York research firm Real Capital Analytics.A slew of pricey deals pushed the price per square foot to a record $394, RCA said, while cap rates — a measure of yield that typically goes down as prices go up — compressed to about 5.7 percent."That means there's more competition for these transactions," said Ben Thypin, director of market analysis for Real Capital Analytics. "Whether you're looking at cap rates or price per square foot, the San Jose metro area is pretty hot."

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.